Yep, this exact point is addressed in the article as well
>"It's awful when we hear of millions of dollars going into the wrong hands," he added, "but it was probably within a somewhat acceptable threshold of error or margin of error" because Congress opted for speed over accuracy when it flooded the U.S. economy with money last spring
I also remember at that time hearing talking heads saying things to the effect of "we are getting money out to everyone now, we'll worry about collecting it back from people who aren't eligible later."
IIRC some federal government money can be withheld if you owe the IRS and most of these recepients seem to be collecting social security so it seems just docking future SS payments to collect back the $1,200 might be the best solution. Even if it can't be collected that way with existing laws, Congress can always pass a law allowing it. Though many checks might not be cashed in the first place if the recipient didn't have an American bank account.
>"It's awful when we hear of millions of dollars going into the wrong hands," he added, "but it was probably within a somewhat acceptable threshold of error or margin of error" because Congress opted for speed over accuracy when it flooded the U.S. economy with money last spring
I also remember at that time hearing talking heads saying things to the effect of "we are getting money out to everyone now, we'll worry about collecting it back from people who aren't eligible later."
IIRC some federal government money can be withheld if you owe the IRS and most of these recepients seem to be collecting social security so it seems just docking future SS payments to collect back the $1,200 might be the best solution. Even if it can't be collected that way with existing laws, Congress can always pass a law allowing it. Though many checks might not be cashed in the first place if the recipient didn't have an American bank account.
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